Cancellation of Trading on AIM

Kibo Energy PLC

24 July 2026

Kibo Energy PLC (Incorporated in Ireland)

(Registration Number: 451931)

(External registration number: 2011/007371/10)

LEI Code: 635400WTCRIZB6TVGZ23

Share code on the JSE Limited: KBO

Share code on the AIM: KIBO

ISIN: IE00B97C0C31

('Kibo' or 'the Company')

Dated: 24 July 2026

Kibo Energy PLC ('Kibo' or the 'Company')

Cancellation of Trading on AIM

Further to the Company's announcement of 1 July 2026, Kibo Energy PLC announces that it has not been able to satisfy the conditions required to enter into binding heads of terms in respect of the proposed reverse takeover transaction referred to in that announcement. Accordingly, that transaction will now not proceed.

Trading in the Company's securities on AIM has been suspended since 14 April 2025 pursuant to AIM Rule 15. As the Company is not in a position to complete a reverse takeover within the timetable required by the London Stock Exchange the Company announces that the admission of its ordinary shares to trading on AIM will be cancelled with effect from 7.00 a.m. on 27 July 2026, in accordance with AIM Rule 41.

The Company is engaging with the JSE Limited and its Corporate and Designated Adviser in respect of the Company's secondary listing on the JSE, and a further announcement will be made in this regard in due course.

Following cancellation, there will be no public market in the Company's ordinary shares and shareholders will no longer be able to trade their shares on AIM. Shareholders will continue to hold their shares in the Company, which remains a public limited company incorporated in Ireland. The Company will continue to keep shareholders informed of material developments by way of announcements published on its website at www.kibo.energy.

The Board is in early stage discussions in relation to an alternative transaction. Cancellation of admission will allow the Company to progress those discussions, together with the associated funding and creditor arrangements. Should such a transaction be concluded, it remains the Board's intention to seek admission of the Company's enlarged issued share capital to a public market by way of an initial public offering in due course.

Shareholders should note that these discussions remain at an early stage, that no binding agreement has been entered into, and that there can be no certainty that any transaction will be agreed or completed, or that any admission to a public market will be sought or achieved. A further announcement will be made as and when appropriate.

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

**ENDS**

For further information please visit www.kibo.energy or contact:

Cobus van der Merwe	info@kibo.energy	Kibo Energy PLC	Chief Executive Officer
James Biddle Roland Cornish	+44 207 628 3396	Beaumont Cornish Limited	Nominated Adviser
Callum Hill	+44 20 7048 9400	Global Investment Strategy UK Limited	Broker

Beaumont Cornish Limited ('Beaumont Cornish') is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

Johannesburg

24 July 2026

Corporate and Designated Adviser

River Group

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